Persistence of Firm Innovative Behavior: Towards an Evolutionary Theory

William Latham and Christian Le Bas

No 05-14, Working Papers from University of Delaware, Department of Economics

Abstract: A growing body empirical literature deals with persistence in innovation. However, there is neither a survey of the development and status of the field nor a clear statement of a theory of persistence which includes a formal model of the dynamics of firm persistence. This paper fills these gaps by first providing a survey of previous studies of persistence, then presenting a theory, based on the evolutionary approach, to explain the choice of firms to innovate persistently, sporadically or not at all, and finally describing a formal model which shows some striking results corroborated by recent empirical evidence.

Keywords: Persistence; Innovation; Evolutionary (search for similar items in EconPapers)
JEL-codes: B52 O31 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2005
New Economics Papers: this item is included in nep-ent, nep-evo, nep-ino and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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